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<br />c <br /> <br />GENERAL GOVER."iME!'<! <br />Ch. 2256 <br /> <br />(4) an investment pool acting on behalf of two or more local governments, <br />st:lte agencies, or a combination of those entities. <br /> <br />S 2256.005 <br /> <br />Amended by Acts 1995, 74th Leg., eh. 402, 9 1, eff. S~pt. I. 1995. . <br /> <br />Historic} and Statutory Notes <br /> <br />Prior L:lws: <br />Acts 1987. 70th Le;:.. ch. 889. <br />Acts 1989. 71st Le:z.. ch. 39. ~ I. <br />Acts 1989. 71st Leg.. ch. 628. g!i I. 2. <br />Acts 1989. 71s[ Leg., ch. 693. ~ 4. <br /> <br />Acts 1989. 71st Leg.. ch. i50. ~ I. <br />Ve:.lon's Ann.Civ.St. =. 8423-2. !Hi 2(a), <br />S(a). <br />Acts 1993. i3rd Le!!.. ch. 268.!i I. <br />V.T.C.A.. Gove:nm~:lt Cod. !i 2256.003. <br /> <br />~ 2256.004. Applicability <br /> <br />. This subchapte:- does not apply to: <br />(1) a public retire:nent system as defined by Section 802.001; <br />(2) st2.te funds invested as authorized by Section 404.024; <br />(3) 2.n instirution of higher education having toul endowments of at least <br />595 million in book value on May 1. 1995; <br /> <br />(4) funds invested by the Veterans' Land Board as 2.uthorized by Chapte:- <br />161. 162, or 164, Natural Resources Code; or <br /> <br />Te;tr of subd. (5) as added by.A.crs 1997, 75rh Leg., en. 50S, 9 24 <br /> <br />(5) recistrV funds deDosited wiL!:l the counN or district Cle:-k under Chame:- <br />117, Lo;2.1 Gove:-nmen~ Code. . . . <br /> <br />Te:tr of subd. (5) as added by Aers 1997, 75rh Leg., en. 1421,9 2 <br /> <br />(5) a deferred compensation plan that qualifies uncie:- eiL!:le:- Section 401(k) <br />or 457 of the Imemal Reve::!ue Code of 1986 (26 U.S.C. Section 1 et seq.), as <br />amended. <br /> <br />Amended by Acts 1995, 74th Leg.. en. 402,!i 1. eff. Se;:>t. I, 1995; Aets 1997, 75m Leg.. <br />ch. 505.!i 24, eff. Se,:>t. 1. 1997; Acts 1997, 75m Leg.. ch. 1421.!i 2, eff. Sept. 1. 1997. <br /> <br />.; <br /> <br />Histori=! and Statutory Notes <br /> <br />Acts 1997, 75th Leg.. 6. 505. added sucd. (5). Prior Laws: <br />Acts 1997, 75th Leg.. ch. 1-l21 added subd. A 198- -Oth L h 889 <br />d d th b h cts I, I .7.. c. . . <br />(5), an ma. 0 e:' nonsu suntiv. c anges. !i <br />V.,-"on's Ann.Civ.St. art. 842a-2. 6. <br />For appIic:uion provisions of Acts 1997, 75th A 199' -. d L h '68 < I <br />h f II Cts 0, lor eg.. c.... ., . <br />L.!!.. c. 1421. see notes 0 owin" V.T.C.A.. VTC' G Cd < 2'< 016 <br />G C d !i ,"<. 002 . . ....... ove:nme:lt 0 e, _~6. . <br />ove:nme:lt 0 e __~ 0.. - <br /> <br />~ 2256.005. Investment Policies; Investment Strategies; Investment om- . <br />, <br />cer <br /> <br />: <br /> <br />(a) The governing body of an investing entiry shall adopt by rule, ord~:-, <br />ordinance, or resolution, as appropriate, a written investment policy regarding <br />the investment of..its funds and funds unde:- its control. <br />, <br />(b) The investment policies must: . <br /> <br />--F- <br />